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Description
  • We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian model averaging to deal rigorously with model uncertainty and attendant omitted variable bias. In addition, we address endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities, suggest that trust is an important driver of long-term growth. Our results also show that trust is key for growth in countries with a weak rule of law. Journal of Comparative Economics 41 (3) (2013) 777-788. Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic.
  • We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian model averaging to deal rigorously with model uncertainty and attendant omitted variable bias. In addition, we address endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities, suggest that trust is an important driver of long-term growth. Our results also show that trust is key for growth in countries with a weak rule of law. Journal of Comparative Economics 41 (3) (2013) 777-788. Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic. (en)
Title
  • Does trust promote growth?
  • Does trust promote growth? (en)
skos:prefLabel
  • Does trust promote growth?
  • Does trust promote growth? (en)
skos:notation
  • RIV/00216208:11230/13:10159139!RIV14-GA0-11230___
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(GBP402/12/G097)
http://linked.open...iv/cisloPeriodika
  • 3
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 70292
http://linked.open...ai/riv/idVysledku
  • RIV/00216208:11230/13:10159139
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • Bayesian model averaging; Economic growth; Trust (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • NL - Nizozemsko
http://linked.open...ontrolniKodProRIV
  • [316CEA2BA7F6]
http://linked.open...i/riv/nazevZdroje
  • Journal of Comparative Economics
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...vavai/riv/projekt
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • 41
http://linked.open...iv/tvurceVysledku
  • Horváth, Roman
http://linked.open...ain/vavai/riv/wos
  • 000323868800007
issn
  • 0147-5967
number of pages
http://bibframe.org/vocab/doi
  • 10.1016/j.jce.2012.10.006
http://localhost/t...ganizacniJednotka
  • 11230
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